Ethereum Rallies 20% But Fails To Surpass 100-day SMA

Ethereum surged close to 20% and climbed above the $170 resistance against the US Dollar. However, ETH price is struggling to gain momentum above the 100-day simple moving average. Ethereum is up close to 20% and it broke the $155 and $165 resistance levels against the US Dollar. The price even tested the $175 resistance and the 100-day simple moving average. There is a crucial bearish trend line forming with resistance near $182 on the daily chart of ETH/USD (data feed via Kraken). The pair must climb above the $180…

Bitcoin Price Will Go Up as Only Profitable Miners Remain: Data Analyst

Approximately 4-weeks ago global equities markets were in distress as investors finally realized that the coronavirus was not just an illness restricted to China, but rather a global pandemic which could permanently damage economics across the globe.  Crypto markets were not shielded from the mayhem that led the S&P 500 and Dow to post some of the biggest losses since the 2008 global financial crisis and investors will recall that on March 13 Bitcoin (BTC) price dropped more than 50% in the span of 24-hours.  To date, the volatility and…

Investigating Digital Assets in Japan Stymied by Nature of Crypto

According to top government officials in Japan, the current national tax system is not yet capable of accepting declarations of digital assets, potentially leading to outflows overseas. In a Q&A session at the Financial Statements Committee on April 6, Representative Shun Otokita of the Japan Innovation Party pointed out the importance of market research for the introduction of separate taxes for crypto currencies. Otokita was concerned with the current high-tax system in Japan. He acknowledged that it would be difficult to quickly change the tax code to apply to digital…

Alyssa Milano’s #MeToo Double Standard for Joe Biden Is Hilarious

Alyssa Milano is twisting herself into pretzels this week. Her support for Joe Biden doesn’t fit her #MeToo activism. Fellow actress Rose McGowan called her “a fraud” on Twitter. Actress Alyssa Milano has never been more entertaining than she is carrying the water for Joe Biden in 2020. The “Charmed” and “Who’s The Boss?” star is trapped between the #MeToo movement she started and unquestioning partisan loyalty to the very old, very white, very male politician that Democrats are about to nominate for president. And it’s hilarious. Alyssa Milano’s blatant…

Sony’s Best Move Is to Cancel This Year’s PS5 Launch

Sony should cancel the PS5 launch and focus on the PS4 as reports of hardware problems surface. The low-priced PS4 is at an advantage during these times. Supply chain disruptions and a potential recession will be headwinds for the PS5. Sony appears to be stalling gamers and enthusiasts who have been eagerly waiting for concrete details about the PlayStation 5 (PS5) console for what seems to be an eternity now. The Japanese giant held what was supposed to be a “reveal” event last month. But that turned out to be…

BitMEX Operator Gives $400K Sponsorship to Cybersecurity Nonprofit

HDR Global Trading, the operator of crypto exchange BitMEX, is giving a $400,000 grant to the cybersecurity nonprofit Shadowserver Foundation. In an April 6 statement on the company’s blog, HDR Global Trading announced that it would offer $400,000 to the organization over the next four years. The BitMEX operator will be acting as a member of the nonprofit’s new industry alliance for Internet security. Richard Perlotto, Shadowserver Director, thanked HDR for “their rapid response to our call for help” and emphasized the organization’s commitment to fighting cybercrime. The director is…

This Xbox Series X Launch Title Is the Weirdest Thing You’ll See All Week

A new game called Orphan of the Machine has been confirmed as an Xbox Series X launch title. The game will be released during fall 2020, which is the official launch window for the console. It is one of only a few games confirmed for the Xbox Series X. Solo game developer Dynamic Voltage has revealed the first gameplay video of their game, Orphan of the Machine. It will be released on the Xbox Series X in fall 2020, which makes it a launch window title for the console. Source:…

Even Spider-Man Won’t Be Enough to Save PS Now

PlayStation’s streaming service, PS Now, offers playable games without any need for downloading huge files. A recent leak makes it seem like PlayStation Now is about to get access to Insomniac’s Spider-Man. As great a game as Spider-Man is, it can’t save PS Now on its own. PS Now is one of several high-profile game streaming services. It might be one of the longest-running ones since it originally came out back in 2014. But it’s struggled to find the success of similar competing services such as Xbox Game Pass, which…

Saudi Arabia Invests in Carnival Cruise. Now It’s Definitely Time to Sell

The Kingdom of Saudi Arabia has made a (perhaps unwise) decision to invest in Carnival Cruise. This is the latest in a long string of questionable financial decisions from the authoritarian desert kingdom. The Saudi investment is bad for Carnival’s image. The company is already dealing with the fallout from massive coronavirus outbreaks on its ships. Not known for making intelligent financial decisions, the Kingdom of Saudi Arabia has decided to throw its weight behind Carnival Corporation (NYSE: CCL). The repressive Middle-Eastern kingdom will purchase a staggering 43.5 million shares…

Fed Data Hints Americans Still Too Bullish For Stock Market Crash To End

Survey data from N.Y. Federal Reserve suggests the stock market crash may not be over. Retail investors are still bullish prices will be higher in 2021 than in the present day. Small traders are historically on the wrong end of big moves in the Dow Jones or S&P 500. If bear markets end when investors reach maximum despair, this year’s stock market crash may have further to run. Data released by the New York Federal Reserve indicates that American’s are now more bullish that equity prices will be higher in…